Competitive environments of various industries
Michael porter developed his five forces model to analyze the competitive environments of various industries within a place in which competition will take place. For example, barriers to entry is one of the five forces. Another is the threat of substitute products or services.
Each provides a potential threat to the competitive advantage that a firm might have.
Is there an approach or a corporate orientation that would help neutralize such forces, in particular new entrants? How can value innovation protect against or minimize such a threat? Provide specific examples. Is there one approach or orientation that would help neutralize all threats identified in the Porter model?